nsane.forums Posted August 15, 2011 Share Posted August 15, 2011 In a surprise move, Google has announced that it will be acquiring the entirety of Motorola Mobility. Larry Page, CEO of Google, announced the acquisition via the Official Google Blog, and claims that Motorola will help "supercharge Android." The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences. I am confident that these great experiences will create huge value for shareholders. The acquisition will be costing Google around $40 per share for a grand total of $12.5 billion, and was unanimously approved by the board of directors of both companies. Sanjay Jha, CEO of Motorola Mobility, stated that the transaction "offers significant value for [our] stockholders" and that the company will be able to do even more to innovate with the Android platform at hand. The transaction is expected to close in late 2011/early 2012 after it receives the approval of regulators and shareholders. Google plan to operate Motorola Mobility as separate entity and will not amalgamate the mobile phone manufacturer into the Google services branding, but naturally you would expect the company to focus solely on producing Android-powered devices. Google also stated that Motorola will remain a licensee of Android and that the OS "will remain open". Also, as Google has completely bought Motorola Mobility, there is little chance that the company will be seeking a Nokia-like deal to produce Windows Phones, as previously reported. Furthermore, this deal will not be affecting the other Motorola brand, Motorola Solutions; one of the two products of the Motorola company split early this year. View: Original Article Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted August 15, 2011 Administrator Share Posted August 15, 2011 Wow. Quite a surprising move. :eek: Link to comment Share on other sites More sharing options...
toyo Posted August 15, 2011 Share Posted August 15, 2011 The first time I thought the title said: "Google acquiring Motorola Mobility for $12.58" :rolleyes: Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted August 15, 2011 Administrator Share Posted August 15, 2011 The first time I thought the title said: "Google acquiring Motorola Mobility for $12.58" :rolleyes::rofl: Couldn't resist laughing. :DAnyway, I guess this means Google will indirectly own a whole mobile company. Link to comment Share on other sites More sharing options...
sanjoa Posted August 15, 2011 Share Posted August 15, 2011 I wish Nokia have been bought by Google and not Micro$oft. Link to comment Share on other sites More sharing options...
R0H1T Posted August 15, 2011 Share Posted August 15, 2011 Its just a strategic move to fend off patent trolls like Apple/MS/Oracle & the rest it'll also help fuel the growth of Android & encourage partners like Samsung/HTC to not back off from their open alliance with Google fearing repercussions(read lawsuit) ! Link to comment Share on other sites More sharing options...
Andyxl.Yu Posted August 16, 2011 Share Posted August 16, 2011 Great news~~ Link to comment Share on other sites More sharing options...
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